U.S. Cash Products-Gulf Coast diesel falls after cycle change

Gulf Coast Ultra Deep Royalty Trust

07/03/2022 22:32

NEW YORK, March 7 (Reuters) - U.S. Gulf Coast ultra-low sulfur
diesel cash differentials fell on Monday, traders said, after the
product began to trade on Colonial Pipeline's 15th cycle for
delivery to New York Harbor. 
    Gulf Coast 62-grade ULSD  ULSD-DIFF-USG  fell 2.25
cents, trading 4 cents per gallon above the ultra-low sulfur diesel
futures contract on the NYMEX  HOc1 .
    Gulf Coast M4 conventional gasoline  RU-DIFF-USG  fell 3.25
cents, trading 16.25 cents lower than the gasoline futures benchmark
on the New York Mercantile Exchange  RBc1 , market participants
said.
    A4 CBOB gasoline  CBOB-DIFF-USG  gained three quarters of a
cent, trading 23 cents per gallon below futures, traders said.​
    Chicago ultra-low sulfur diesel  ULSD-DIFF-MC  gained 1 cent,
trading 21 cents per gallon below diesel futures.
    Elsewhere in the Midwest, Group 3 V-grade gasoline  RUV-DIFF-G3 
fell 2 cents, trading 43 cents lower than the benchmark.
    Group 3 diesel  ULSD-DIFF-G3  fell 1.5 cents, trading 23.5 cents
lower than the benchmark.
    In New York Harbor, diesel  ULSD-DIFF-NYH  fell half a
cent, trading 14.5 cents per gallon above futures, traders said.
    The RBOB futures contract on NYMEX  RBc1  rose 2.81 cents to
settle at $3.5721 a gallon​.
    NYMEX ultra-low sulfur diesel futures  HOc1  rose 14.52 cents to
settle at $3.9215 a gallon.
    Renewable fuel (D6) credits  RIN-D6-US  for 2022 traded between
$1.13 and $1.17 cents each, little changed from the previous
session, traders said.
    Biomass-based (D4) credits  RIN-D4-US  were steady, trading
between $1.42 and $1.47 cents each.
                                    Latest day           
             Timing  NYMEX            Bid     Offer     Change
                     Contract                           
 U.S. GULF COAST <0#P-USG, PPIM> *                       
 Scheduling                                             
 A4 CBOB     Cycle   March RBOB     -23.25    -22.75    0.75
 gasoline    15                                         
                                                   
 M4          Cycle   March RBOB     -16.50    -16.00    -3.25
 convention  15                                         
 al                                                     
 gasoline                                               
                                                     
 62-grade    Cycle   March HO       3.75      4.25      -2.25
 ULSD        15                                         
                                                   
 54-grade    Cycle   March HO       -24.75    -24.25    -7.50
 jet fuel    15                                         
                                                    
 Heating     Cycle   March HO       -11.00    -10.50    9.50
 oil         64                                         
                                                     
 
 NEW                     Bid    Offer  Change
 YORK                                  
 HARBOR                                
 <0#P-N                                
 YH,                                   
 PPIL>                                 
 M3      Prom  March     -10.5  -9.50  0.00
 conven  pt    RBOB      0             
 tional                                
 gasoli                                
 ne                                    
                                      
 F4      Prom  March RB  -14.7  -14.2  -1.25
 RBOB    pt    OB        5      5      
                                    
 ULSD    Prom  March HO  14.00  15.00  -0.50
                                    
 Heatin  Prom  March HO  -1.50  -1.00  1.00
 g oil   pt                            
                                      
 Jet     Prom  March HO  -23.5  -22.5  -14.5​
 fuel    pt              0      0      
                                     
 
 MIDWEST                Bid    Offer  Change
  0#P-G3 ,                            
  0#P-MC ,                            
                                   
 Chicag  Cyc  March     -25.2  -24.7  0.00
 o CBOB  le   RBOB      5      5      
 gasoli  2                            
 ne                                   
                                    
 Chicag  Cyc  March HO  -21.2  -20.7  1.00
 o ULSD  le             5      5      
                                    
 Group        March     -43.2  -42.7  -2.00
 Three        RBOB      5      5      
 gasoli                               
 ne                                   
                                     
 Group        March HO  -23.7  -23.2  -1.50
 Three                  5      5      
 ULSD                                 
                                    
 

 (Reporting by Stephanie Kelly
Editing by Marguerita Choy)
 ((Stephanie.Kelly@thomsonreuters.com; 646-223-4471; Reuters
Messaging: stephanie.kelly.thomsonreuters.com@reuters.net))